4. johnny’s hardware store’s sales were $550,000 during 2019, and its year-end assets were $440,000. for 2020, sales are expected to grow by 5%, and since the firm is operating at full capacity, its assets must grow in proportion to sales. its current liabilities consisted of $65,000 of accounts payable, $25,000 of notes payable, and $55,000 of accruals. its after-tax profit margin is forecasted to be 17%, and the firm plans to pay out 25% of its earnings. based on the afn equation, what is the firm’s additional funds needed (afn) for 2020?

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service